U.S. Court of Appeals for the Second Circuit, 1968

Epstein v. Solitron Devices, Inc.

Epstein v. Solitron Devices, Inc.
U.S. Court of Appeals for the Second Circuit · Decided January 11, 1968
388 F.2d 310 (Federal Reporter, Second Series)

Epstein v. Solitron Devices, Inc.

Opinion of the Court

PER CURIAM:

We affirm in open court the order of the Southern District denying a motion by Order to Show Cause by Solitron Devices, Inc., for an order directing plaintiff in a stockholder derivative action alleging violation of the Securities Exchange Act of 1934 to post security for expenses pursuant to Section 627 of the New York Business Corporation Law, McKinneys’s Consol.Laws, c. 4, for the reasons stated in Judge Bonsai’s opinion. Weitzen v. Kearns, 262 F.Supp. 931 (S.D.N.Y. 1966).

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